DeepSeek has launched its latest AI model, DeepSeek V3, touted as one of the most powerful open models available. Released under a permissive license, it excels in diverse text-based tasks including coding and translating. Internal benchmarks suggest it outperforms competitors like OpenAI’s GPT-4o and Meta’s Llama 3.1. With 685 billion parameters and trained on a massive dataset, this model represents a significant advancement in AI technology. However, its responses to sensitive topics are influenced by Chinese regulations. DeepSeek's innovation pressures rivals to adjust pricing strategies for their AI offerings.